Sunday, April 07, 2013

The 80/20 rule

I find this actually allows me to stop stressing when assignments are due and just in everyday jobs of life.
 
This rule - also known as 'The Pareto Principle' or 'The Law of the Vital Few' - basically states that 80 percent of the value you will receive - will come from 20 percent of your actual activities.
 
''The principle was suggested by management thinker Joseph M. Juran. It was named after the Italian economist Vilfredo Pareto, who observed that 80% of income in Italy was received by 20% of the Italian population. The assumption is that most of the results in any situation are determined by a small number of causes.''                                                                    
                                           (Wikipedia)
 
Hence, you start to realise that a lot of what you do is probably not as useful or necessary as you think. So, you can stop 'arse-in' about the place doing shit that probably won't even make a difference to the end result. You can drop; or at least vastly decrease the time you spend on a whole bunch of things, allowing you to have more time and energy. Which you could focus on those things that really bring you value, happiness, and fulfilment in your life.

154 seconds of the 80/20 Rule
 

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